PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Three Bridge Wealth Advisors LLC

Three Bridge Wealth Advisors LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 10.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,490 shares of the company’s stock after buying an additional 324 shares during the quarter. Three Bridge Wealth Advisors LLC’s holdings in PepsiCo were worth $535,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at $28,000. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the third quarter valued at $31,000. Rakuten Securities Inc. boosted its holdings in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC acquired a new position in PepsiCo during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.1 %

Shares of PepsiCo stock opened at $143.99 on Thursday. The business’s fifty day moving average price is $150.73 and its two-hundred day moving average price is $163.68. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. The company has a market capitalization of $197.48 billion, a P/E ratio of 20.72, a PEG ratio of 2.89 and a beta of 0.54. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. As a group, research analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PEP. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. Royal Bank of Canada initiated coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price target for the company. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. HSBC cut their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $171.47.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.